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Investment in Hotel Properties, Net (Tables) | 6 Months Ended
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Jun. 30, 2024
Real Estate [Abstract] |
Schedule of Investment in Hotel Properties, Net | Investment in hotel properties, net as of June 30, 2024 and December 31, 2023 consisted of the following:
|  | June 30, 2024 |  |  | December 31, 2023 |
Land and land improvements |  | $ | 61,217,987 |  |  | $ | 61,114,486 |
Buildings and improvements |  |  | 426,106,634 |  |  |  | 418,833,706 |
Right of use assets |  |  | 4,649,280 |  |  |  | 4,733,406 |
Furniture, fixtures and equipment |  |  | 49,552,479 |  |  |  | 51,501,629 |
|  |  | 541,526,380 |  |  |  | 536,183,227 |
Less: accumulated depreciation |  |  | (190,338,841 | ) |  |  | (181,264,121 | )
Investment in Hotel Properties, Net |  | $ | 351,187,539 |  |  | $ | 354,919,106 |

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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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